Which of the Following Cannot Be Considered Non-Profit Entities

question 17

Multiple Choice

Which of the following cannot be considered non-profit entities?

• A) Social welfare organizations
• B) Educational institutions
• C) Churches
• D) Limited liability corporations
• E) Industry associations

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Definitions:

Mineral Interest

The legal share or entitlement to profits from minerals extracted from the ground, typically pertaining to property rights in the context of real estate.

Purported Partners

Individuals who are claimed to be partners in a business, sometimes without the legal or actual basis for such a partnership.

Doctrine of Respondeat Superior

A legal principle that holds an employer or principal liable for the actions of an employee or agent when those actions occur within the scope of employment or authority.

RUPA

The Revised Uniform Partnership Act, which is a set of laws adopted by several states in the United States to govern the formation, operation, and dissolution of partnerships.